we were last year, who knows now

From the annual report: "...based on these cash flow forecasts and expectations for player trading and the availability of future external finance as required from time to time, the Club can meet its liabilities as they fall due."

We made a profit of £9.4m last year but had a negative cash balance of -£1.5m at the end of it.

So add this year's -£8m, and that probably takes us beyond just requiring a bank facility for working capital.

Posted By: CWC on December 31st 2016 at 00:01:28

Message Thread

Having read down the board, starting to wonder if the secret footballer was right? (NCFC) - I Am Hoot, Dec 30, 21:30:20
- Was he the one that said McNally got sacked because of ridiculously big contracts to (NCFC) - thirsty work, Dec 30, 21:39:53
  - No, I think that was someone else on twitter. (NCFC) - I Am Hoot, Dec 30, 21:57:30
- To be fair, I'd agree with you, I shink it's true buh (NCFC) - hucksmyman, Dec 30, 21:33:10
- Was said at AGM we have a 9 million deficit to... (NCFC) - loz, Dec 30, 21:32:15
  - I thought we were a debt free club .. (n/m) (NCFC) - Gob on a Stick, Dec 30, 22:59:37
    - we were last year, who knows now (NCFC) - CWC, Dec 31, 00:01:28
  - We sell, it indicates we've thrown the towel in on promotion. (NCFC) - harry boulders, Dec 30, 22:04:43
  - Yep (n/m) (NCFC) - I Am Hoot, Dec 30, 21:56:23

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